Core Insights - Smart meters are essential devices for building smart cities under the "dual carbon" goals, with explosive growth providing significant opportunities for 聚星科技 in the low-voltage electrical components market [1] - 聚星科技 specializes in the research, production, and sales of electrical contact products, which are crucial for controlling low-voltage electrical devices [1] - The company has established strong partnerships with major low-voltage electrical manufacturers, enhancing its customer resource advantages [2] Industry Overview - The global smart meter market is projected to reach nearly $26 billion by 2024, with the residential market accounting for 86% of this, particularly driven by the Asia-Pacific region [2] - By 2030, the smart meter market in China is expected to exceed 80 billion yuan, driven by technological advancements and cost reductions [2] - The demand for smart grids and smart meters is increasing due to the ongoing "dual carbon" goals and the rising proportion of green consumption [3] Company Performance - In the first three quarters of 2025, the company achieved revenue of 836 million yuan, a year-on-year increase of 18.82%, with a net profit of 83 million yuan [2] - In the third quarter, revenue reached 299 million yuan, reflecting an 11.50% year-on-year growth, indicating strong business resilience [2] Market Trends - The State Grid is expected to tender approximately 46.52 million smart meters in 2024, a year-on-year increase of 86.43%, indicating robust market demand [3] - The implementation of the IR46 standard for smart meters is anticipated to accelerate in 2026, further driving the smart meter upgrade [3]
聚星科技乘势“双碳”东风 智能电表驱动低压电器新蓝海